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A man who was convicted in two of the biggest financial scams uncovered in Canada is not even allowed to advise his family on investments or financial matters as he continues to serve his sentence for his role in the Cinar scandal.
Lino Matteo, 59, the former CEO of the financial management company Mount Real Corp., is still serving the eight-year sentence he received after he was convicted for his role in the elaborate fraud scheme in which Ronald Weinberg, founder of the Montreal-based television production company Cinar, hid $123 million of investors’ funds in the Bahamas.
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